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Boeing lost money in 2019 for the first time in 20 years

A Boeing 777X airplane taking off on Jan. 25.

Boeing said it lost money last year for the first time since 1997, according to its latest quarterly report.

Why it matters: The company is mired in the biggest crisis in its history. Costs stemming from the grounding and production halt of the 737 MAX, its best-selling plane, is weighing on Boeing’s financials.

Go deeper

Axios
1 hour ago - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Go deeper (1 min. read)Arrow
Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

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Axios
Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Pandemic fatigue quantified — The pandemic could be worsening childhood obesity.
  2. Vaccine: Moderna says vaccine appears to protect against new COVID-19 variants — Cities launch efforts to vaccinate the homeless.
  3. Politics: Deborah Birx went "on the road" for local COVID efforts to avoid White House censorship — Sanders says Democrats will push coronavirus relief package through with simple majority.
  4. Business: Budweiser skips Super Bowl ads in favor of vaccine education campaign.
  5. World: Mexican President López Obrador tests positive for coronavirus.
  6. 🎧 Podcast: Google's chief health officer Karen DeSalvo on vaccinating America.
Go deeper (1 min. read)Arrow

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